Latest news with #CNV
Reuters
02-07-2025
- Business
- Reuters
KLM makes wages proposals after ground crews threaten to strike
AMSTERDAM, July 2 (Reuters) - KLM has made wage proposals to staff of the Dutch arm of airline group Air France KLM ( opens new tab, it said on Wednesday, after the CNV union said the company's ground crews would go on strike at Amsterdam airport on July 9 unless their demands were met. School holidays begin next week in parts of the Netherlands meaning the planned eight-hour strike would take place at a very busy time. "Today KLM made a concrete wage proposal to all unions: a one-off payment of 1,000 euros ($1,178.60) in 2025 and an up to 2.5% structural increase by July 2026, depending on the operating result for 2025," the company said in a statement. "KLM believes this offer provides enough starting points to reach an agreement with all unions. The wage negotiations will continue on 10 July," it added. Contacted by Reuters, the leader of the CNV union did not immediately reply to a request for comment on the proposals. Before this wage announcement but after the unions mentioned a strike, KLM had said it would consider asking a court to ban the planned industrial action, as it successfully did last month. CNV said it was confident a strike would not be banned this time, as it said the circumstances had changed. The court ruling in June cited security concerns at the airport related to the summit of NATO leaders that would be held in The Hague in the days prior to the announced strike. ($1 = 0.8485 euros)
Bloomberg
02-07-2025
- Business
- Bloomberg
Milei's Foreign-Exchange Shakeup Has Brokers Moving Into Banking
Argentina's brokerages are restructuring after President Javier Milei took away lucrative arbitrage opportunities that juiced their business when he rolled back capital controls. With more than 280 brokers operating in the Latin American country — a figure unmatched anywhere else in the region, according to local regulator CNV — competition has always been fierce. It's even more so now that exploiting the gap between the official and parallel exchange rates doesn't generate as much profit, and that banks can sell dollars now, too. By comparison, that far exceeds the number of brokers in Brazil, Mexico, Chile and Peru.
Al Arabiya
02-07-2025
- Business
- Al Arabiya
KLM ground crews to go on strike at Amsterdam airport as summer holidays begin
KLM ground crews will go on strike at Amsterdam airport on July 9, unless the Dutch arm of airline group Air France KLM meets their demands for higher wages, labor union CNV said on Wednesday. The planned eight-hour strike would come at a very busy time for the airport, as school holidays start next week in parts of the Netherlands. KLM said it would consider asking a court to forbid the strike, as it successfully did last month. CNV said it was confident the strike would not be banned this time, as it said the circumstances had changed. The court ruling in June cited security concerns at the airport related to the summit of NATO leaders that would be held in The Hague in the days prior to the announced strike. KLM last week said it had made an offer for higher wages, but CNV said this was still too vague.
Straits Times
02-07-2025
- Business
- Straits Times
KLM ground crews to strike in Amsterdam as summer holidays begin
Sign up now: Get ST's newsletters delivered to your inbox KLM said it would consider asking a court to forbid the strike, which would come at a very busy time for Amsterdam airport. AMSTERDAM - KLM ground crews will go on strike at Amsterdam airport on July 9, unless the Dutch arm of airline group Air France KLM meets their demands for higher wages, labour union CNV said on July 2 . The planned eight-hour strike would come at a very busy time for the airport, as school holidays start next week in parts of the Netherlands. KLM said it would consider asking a court to forbid the strike, as it successfully did in June . CNV said it was confident the strike would not be banned this time, as it said the circumstances had changed. The court ruling in June cited security concerns at the airport related to the summit of Nato leaders that would be held in The Hague in the days prior to the announced strike. KLM last week said it had made an offer for higher wages, but CNV said this was still too vague. AFP
Yahoo
18-06-2025
- Business
- Yahoo
Banco Macro S.A. Announces Pricing of Notes offering under Medium Term Note Program
BUENOS AIRES, Argentina, June 17, 2025 /PRNewswire/ -- Banco Macro S.A. (NYSE: "BMA"; ByMA: "BMA") ("Banco Macro") announces today that it has priced an offering of US$400 million of its Notes due 2029 (the "Notes"). The Notes will accrue interest at a fixed annual rate equal to 8.000% until, but excluding, June 23, 2029. The offering is part of the financing program for the issuance by Banco Macro from time to time of up to US$1,500 million aggregate principal amount of debt securities outstanding at any time. The Notes were offered to investors at a price of 99.163% of the principal amount. Banco Macro intends to use the net proceeds from this offering, in compliance with the requirements of Article 36 of the Argentine Negotiable Obligations Law, Communication "A" 3046 of the Central Bank, as amended, among others, by Communication "A" 6301, and other applicable Argentine regulations, to (a) the repayment and/or refinancing of indebtedness (in an amount of up to 100% of the principal amount of Notes to be issued); (b) investments in fixed assets located in Argentina; (c) working capital in Argentina; (d) acquisition of companies or businesses located in Argentina; (e) capital contributions to and/or the financing of commercial activities of certain of our related companies; and/or (f) general financing needs related to our commercial activities. The Notes have not been and will not be registered under the U.S. Securities Act of 1933, as amended (the "Securities Act"), or any state securities law. This announcement is not an offer to sell or the solicitation of an offer to buy any securities in the United States or any other state or jurisdiction, and there shall not be any offer, solicitation or sale of securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction. THIS ANNOUNCEMENT RELATES TO AN OFFERING OF SECURITIES THAT HAVE NOT AND WILL NOT BE REGISTERED UNDER THE SECURITIES ACT, ANY U.S. STATE SECURITIES LAWS OR THE LAWS OF ANY JURISDICTION AND WILL BE OFFERED AND SOLD TO QUALIFIED INSTITUTIONAL BUYERS PURSUANT TO RULE 144A, AND IN COMPLIANCE WITH REGULATION S OUTSIDE THE UNITED STATES (EXEMPTIONS FROM THE REGISTRATION REQUIREMENTS OF THE SECURITIES ACT). THE SECURITIES MAY NOT BE OFFERED OR SOLD IN THE U.S. OR TO U.S. PERSONS ABSENT REGISTRATION OR AN APPLICABLE EXEMPTION FROM THE REGISTRATION REQUIREMENTS. The public offering In Argentina of the securities described in this announcement is included in the authorization that the Argentine National Securities Commission (CNV) granted to Banco Macro to issue notes pursuant to its U.S.$1,500,000,000 Global Medium-Term Note Program for the issuance of Simple Non-Convertible Debt Securities (Obligaciones Negociables Simples No Convertibles En Acciones) approved by the CNV. This announcement has not been previously reviewed or approved by the CNV. This press release is available under the "Financial Information/Press Releases" section, or, in the Spanish version under "Información Financiera/Comunicados de Prensa", of Banco Macro's Investor Relations web site. This press release includes statements concerning potential future events involving Banco Macro that could differ materially from the events that actually occur. The differences could be caused by a number of risks, uncertainties and factors relating to Banco Macro's business. Banco Macro will not update any forward-looking statements made in this press release to reflect future events or developments. IR Contact in Buenos Aires:Jorge Scarinci | Chief Financial OfficerNicolás A. Torres | Investor RelationsE-mail: investorelations@ | Phone: (54 11) 5222 6682 View original content: SOURCE Banco Macro S.A. Sign in to access your portfolio
